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To: lee martell
The big reason for insolvency of USPS is that 1/3 of the money they garner goes back into the Federal General Fund.

"Rep. Mark Meadows (R-N.C.) demanded USPS produce a turnaround plan by July that would save the Postal Service."

You can produce all the "turn around plans" that you like, but with 1/3 of all your revenues being sucked away, you are going to fail.

Nice going, Fed.

48 posted on 05/19/2019 3:26:48 PM PDT by Thommas (The snout of the camel is in the tent..)
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To: Thommas

“The big reason for insolvency of USPS is that 1/3 of the money they garner goes back into the Federal General Fund.”

I’ve never heard that claim before.

I do know that beginning in the Bush 43 years Congress required the USPS to pre-fund all of its estimated future retirement and health care liabilities, which is a huge expense. No other government agency or private business is required to do this.


57 posted on 05/19/2019 3:51:33 PM PDT by Pelham (Secure Voter ID. Mexico has it, because unlike us they take voting seriously)
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